RainDance Technologies Lands $20,000,000 Series E Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4c7488fa-0bd4-4272-a11e-a25e311f5385&Preview=1 - Date
4/29/2013 - Company Name
RainDance Technologies - Mailing Address
44 Hartwell Avenue Lexington, MA 02421 - Company Description
RainDance Technologies, Inc. (RDT) is a nanotechnology company devoted to developing, and commercializing the Personal Laboratory System, a platform for droplet-based microfluidics. - Website
http://www.raindancetech.com - Transaction Type
Venture Equity - Transaction Amount
$20,000,000 - Transaction Round
Series E - Proceeds Purposes
RainDance will use the proceeds of this financing to drive global expansion of its products: the ThunderStorm system for targeted next-generation sequencing, and the recently launched RainDrop digital PCR system for ultra-sensitive multiplexed quantitative detection of circulating nucleic acids. In addition, the financing enables the company to substantially expand its commercial operations and manufacturing capacity, including relocation of the company headquarters to a new facility in mid-2013. - M&A Terms
- Venture Investor
Myriad Genetics - Venture Investor
Mohr Davidow Ventures - Venture Investor
Quaker Partners - Venture Investor
Acadia Woods Ventures - Venture Investor
Alloy Ventures - Venture Investor
Undisclosed
